Paiton III power station

The Paiton 3 power station is a proposed 825 megawatt coal-fired power station which is currently under construction. The project is being built on the same site as the Paiton I power station, a 1,365 megawatt (MW) coal-fired power station in Indonesia.

International Power has a 31% share in the project. In its 2009 annual report International Power, a 31% shareholder in the project, stated that "in March 2010 we signed the US$1,215 million financing for the 815MW coal-fired Paiton 3 plant in Indonesia, which will be located within the existing Paiton complex. The project, has a 30-year power purchase agreement (PPA) with PT PLN, the Indonesian state utility, and construction is covered by a fixed price contract with the engineering, procurement and construction (EPC) contractor, Mitsubishi Heavy Industries, Ltd. It is expected to be fully operational by the end of 2012."

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